Quadrant Future Tek Ltd, a technology-driven company specializing in advanced train control and signaling systems, recently concluded its Initial Public Offering (IPO). Here are the key details:

IPO Details:

• Issue Period: January 7 to January 9, 2025.
• Issue Size: ₹290 crore, comprising a fresh issue of 1 crore shares.
• Price Band: ₹275 to ₹290 per share.
• Lot Size: 50 shares, requiring a minimum investment of ₹13,750.
• Listing Date: Scheduled for January 14, 2025, on both BSE and NSE.

Subscription Details:

The IPO received an overwhelming response, being oversubscribed 185.53 times. The breakdown is as follows:

• Qualified Institutional Buyers (QIBs): Subscribed 132.54 times.
• Non-Institutional Investors (NIIs): Subscribed 254.06 times.
• Retail Individual Investors (RIIs): Subscribed 241.68 times.

Allotment and Listing:

• Allotment Finalization: January 10, 2025.
• Initiation of Refunds: January 13, 2025.
• Shares Credited to Demat Accounts: By January 13, 2025.
• Listing Date: January 14, 2025.

Company Overview:

Established in 2015, Quadrant Future Tek Ltd is a research-focused company developing advanced train control and signaling systems, notably contributing to the Indian Railways’ KAVACH project. The company also manufactures specialty cables used in railway rolling stock and the naval defense industry. Their product portfolio includes railway rolling stock cables, naval defense and marine cables, solar PV cables, automotive cables, connectors, and junction boxes.

Financial Highlights:

• Revenue Growth: The company has demonstrated consistent growth in revenue over the past few years.
• Profit After Tax (PAT): Increased from ₹1.94 crore in FY22 to ₹14.71 crore in FY24.

For more detailed information, you may refer to the official prospectus and financial reports of Quadrant Future Tek Ltd.